SEC Proposes Rules Regarding Compensation Committee Members and Advisers

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On June 20, 2012, the U.S. Securities and Exchange Commission (SEC) adopted final rules regarding the independence of Compensation Committee members and advisers, and related disclosure requirements. Pryor Cashman Corporate Counsel Michael T. Campoli has written an informative Legal Update summarizing the new rules, entitled "SEC Adopts Final Rules Regarding the Independence of Compensation Committee Members and Advisers, and Related Disclosure Requirements."

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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